Foundation / Corporation
08/30/21 5:00 PM EST
Grants of $50,000 and in-kind support to North Carolina early-stage businesses for startup funding. Applicants must submit a pre-proposal prior to submitting a full proposal. The program, in addition to funding, supports business activities through mentorship, introductions, and programming.
NC IDEA's grants are intended to help startup ventures overcome the often high barriers encountered by funding gaps. SEED offers early stage companies the critical funding they need to scale faster.
NC IDEA SEED awards funding to innovative startups to support business activities that reduce risk associated with early stage companies and help companies grow and scale. Grant recipients work with NC IDEA to implement a timeline with impactful use of funds and meaningful milestones. Grants are awarded to innovative startups with a proven concept — even if they are not yet profitable.
Some examples of uses of funds from past grant recipients include customer discovery activities, website/application development, prototype development, A/B testing services, marketing services, legal services (including intellectual property related costs), business development expenses (including travel and trade show attendance), consultant fees and staff salaries. NC IDEA considers the impact of the total proposed use of funds, including how it will support a company to achieve the outlined milestones during the grant period and move a company to the next phase of its growth.
GrantWatch ID#: 145633
NC IDEA SEED provides $50,000 in non-dilutive funding to selected companies.
Grant funds are typically released over the span of 6-12 months in separate milestone-based tranches.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
Online Application Portal: https://ncidea.force.com/FGM_Portal__CommunitySignin
320 Blackwell Street, Suite 400
Durham, NC 27701
USA: North Carolina
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